Business
Trading in agricultural commodity derivatives is halted by SEBI for a further year.
The Securities and Exchange Board of India (SEBI) has decided to continue the ban on trading in agricultural commodity derivatives for a further year. The ban was first introduced in 2015 in an attempt to protect farmers from volatile prices. However, there have been calls from some quarters to lift the ban, as it is seen as hampering the development of the country’s commodity markets.
With inflation still high, the regulator extended the suspension on derivatives trading of paddy (non-basmati), wheat, chana, mustard seeds and soybean for a period of one more year till December 20, 2023. The regulator had barred exchanges from launching any new contract on the 7 commodities.
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